Research and Markets: The Outlook for Medical Devices in Brazil, Russia, India & China 2011

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/f43685/the_outlook_for_me) has announced the addition of the "The Outlook for Medical Devices in Brazil, Russia, India & China" report to their offering.

“The Outlook for Medical Devices in Brazil, Russia, India & China”

Many are concerned that the global economic downturn is blunting the rapid growth in the BRIC countries. Is this a time of exciting opportunity or commercial danger for medical manufacturers and how is the economic turmoil affecting each market? These reports separate fact from fiction and are essential in making sound, impartial business judgements.

These insightful reports provide:

• Complete assessment of the leading emerging economies at a time of financial upheaval and challenge
• Regularly updated 5-year forecasts and market valuations for each market
• Detailed analysis of the health structure, funding, service and outlook for each market
• Critical SWOT and assessment of the market
• Published quarterly to provide the latest information
• These leading emerging economies represent a total medical market of US$20.9 billion. But how might the impact of the economic downturn affect them? Where do commercial opportunities exist for medical device companies now, and what are the future prospects?

4 Key Markets Covered!

SNAPSHOTS FROM THE REPORTS BRAZIL Brazil has the largest medical device market in the Latin American region. In 2011, the Brazilian medical market is valued at R$6.7 billion (US$3.6 billion) equivalent to around US$18 per capita. Expenditure is far higher in developed urban areas, however. The country has a well-established medical industry, comprising local and multinational companies. Imports had been fuelled by the appreciation of local currency against the dollar and increasing consumer demand for the latest technology. However, a more realistic exchange rate contained medical imports in 2009. Imports tend to be high-tech medical equipment not produced locally. In 2009, 68% of imports were supplied by Europe and the USA. More opportunities exist in the private sector.

RUSSIA In 2011, the Russian market for medical equipment and supplies is estimated at US$5,961.3 million. This puts the market among the top 20 in the world, although per capita spending remains low, at around US$42. Around 73% of the market is supplied by imports. Germany, the USA and Japan were the leading suppliers in 2009, accounting for over 55% of imports. The value of imports greatly increased up to 2008, but was hit hard by the recession in 2009. The market, however, remains strongly reliant on products from abroad, as domestic producers are small and under-capitalised.

INDIA The Indian market for medical equipment is valued at around US$2,729 million in 2011. Despite strong growth rates, the market remains disproportionately small, ranking among the top 20 in the world but with low per capita spending. High quality products are sought after, particularly in the private sector, and the high-tech end of the medical device market is dominated by multinationals with extensive service networks. Indian manufacturers of good quality mid-tech products struggle with a stigma for unreliability. Indian purchasers are, however, price-sensitive and seek value for money. Continued investment in the private sector infrastructure, coupled with increased healthcare funding from the government, should result in a steady increase in the market for medical equipment.

CHINA For 2011, The analyst estimates market growth to be in the region of 131%, one of the fastest growing markets in the world. High rates of growth are not uncommon in the Asian region, but on the back of a huge market size, China's growth is particularly pronounced. In 2011, the country's market valuation, at US$8.6 billion, makes it one of the largest in the world. The Chinese medical device market is largely supplied by imports or products made locally by multinational joint ventures especially at the higher end of the technology scale. The Chinese market represents many opportunities for foreign business, and if new regulatory reforms prove successful and the inadequacy of rural healthcare is effectively addressed, then the sheer number of previously untapped consumers makes China an attractive proposition.

To view the reports full table of contents and for more information visit http://www.researchandmarkets.com/research/f43685/the_outlook_for_me.

Source: Espicom Business Intelligence Ltd